GBPUSD is looking bearish on charts

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0975	1.1002	1.1025	1.1052	1.1075	1.1102	1.1125
GBP/USD	1.5184	1.5232	1.5264	1.5312	1.5344	1.5392	1.5424
USD/JPY	119.06	119.60	120.03	120.57	121.00	121.54	121.97
USD/CHF	0.9739	0.9770	0.9815	0.9846	0.9891	0.9922	0.9967
AUD/USD	0.7071	0.7123	0.7158	0.7210	0.7245	0.7297	0.7332
EUR/GBP	0.7161	0.7175	0.7199	0.7213	0.7237	0.7251	0.7275
USD/CAD	1.3059	1.3104	1.3185	1.3230	1.3311	1.3356	1.3437
NZD/USD	0.6673	0.6713	0.6739	0.6779	0.6805	0.6845	0.6871

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SUMMARY:

The secondary trend of GBPUSD is sideways on charts. In its 4 hourly chart, the pair is sustaining above its rising trend line and is likely to give break out at downside. It is not sustaining at higher levels and consolidating with strong negative bias to show downside movement in the market. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 1.5280. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.

 

INDICATORS:-

MACD is sustaining in selling territory supporting the upcoming bearish trend in the pair.

RSI is also sustaining near the selling territory indicating the upcoming bearish trend in the pair.

STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Crude oil prices rose by around 9 percent last week.

Today's Chart: CRUDEOIL 

Overview :

Crude oil prices rose by around 9 percent  last week. After hitting the psychological level of $50 and remain stable above the EMA50. Support is seen near a  vertical down ward trend line and resistance level  at $49.03, while resistance is seen near a EMA200  level at $51.94. Expected trading range for today $49.03 support level and $51.94 resistance level. On an intra day basis, we expect the positive momentum to continue the short term bearish trend. On the upside resistance level at $50.11, if market break this resistance level upside breakout is expected with potential target of $51.54

Technical- Levels

	R2	R1	S1	S2
Gold	1186	1171	1159	1149
SILVER	16.24	16.11	15.73	15.52
CRUDE OIL	53.17	51.14	47.45	45.67
COPPER	2.4693	2.4419	2.3863	2.3507
NATURAL GAS	2.614	2.564	2.492	2.453
PLATINUM	1003	996	976	965
PALLADIUM	742	721	700	683

U.S. exports are on track to decline this year for the first time since the financial crisis.

• U.S. exports are on track to decline this year for the first time since the financial crisis.
• Saudi’s Aramco offers further discounts to Asia & the US
• USD: US Non-manufacturing PMI expected to slip – TDS
• EURUSD upside potential capped – Rabobank
• UK's Osborne says there a lot of risks in world economy

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Oil Falls 1% as Demand Doubts Rise -
Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coast.

Gold Rises After NFP Stumble and Palladium Surge : 
Gold held the biggest advance in almost nine months after figures showed that U.S. payrolls rose less than expected and wages stagnated, reducing the possibility of an interest rate increase this year.


Trade Setups in USD-pairs around September US NFPs -
Talking Points: ST EURUSD triangle begins to break lower; $1.1085 critical support. USDJPY remains rangebound, although NFPs could change that. See the DailyFX economic calendar for Thursday, October 1, 2015.